Find Youhodler App – Cryptocurrency

Looking for Youhodler App…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. One of its primary ideas is that you can still HODL, without needing to wait on a spike to sell.

It enables users to obtain fiat funds quickly, based on the worth of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most advantageous feature would be the alternative to withdraw fiat to an individual bank account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is efficient and fast, enabling users to move their crypto assets with ease.

The platform concentrates on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would perhaps require. In other words, YouHodler uses a variety of services that lets you harness your digital properties.

YouHodler Wallet

YouHodler’s wallet is designed with simplicity and efficiency in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The company uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Youhodler App

Possibly the most significant function at YouHodler is its capability to use you loans. An investor could consider these financing opportunities as a means of hedging. Crucially, it offers you access to a flexible path to get in the cryptocurrency trading markets.

With a crypto-backed credit line, you can get fiat when you need it without touching your crypto portfolio at all. It eliminates a huge part of the risk that accompanies investment choices.

 

YouHodler is certainly a leading player in this area– not least since it offers a top-rate loan-to-value ratio of up to 90%. Surpassing its competitors, YouHodler accepts 15 various digital coins as collateral.

Users can receive both instantaneous cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rate of interest on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your interest rate as low as 2.5%.

Now let’s break down the loan process that YouHodler has in location.

 

YouHodler gives you a few options to choose how you want to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as security.

The initial application process works as follows:

Make a request utilizing your crypto possessions as security
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will immediately get the security back, regardless of whether its value has actually increased.

As you can see from the above, the procedure is as seamless as it could be. The business does not perform any credit score checks or take time to think about whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a verified account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has various plans for loans that include predefined terms.

    There are three alternatives for loan periods:.

    1 month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rate of interest is not determined by the amount of collateral that you installed. Instead, it depends upon the kind of plan you pick.

    YouHodler provides the very same rates of interest for all its users. As the community grows, the service provider hopes that its interest rates will also drop appropriately. YouHodler likewise has an affiliate program to motivate its users to invite others to join the platform to help accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many methods to keep your funds safe..
    Strong Insurance. Crypto assets are insured for up to $150 million.
    Stablecoin Interest. YouHodler provides a few of the best rate of interest for stablecoins.
    Unique Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
    Flexible Terms. You can increase the period of your loans at any time.
    High LTV. The top 20 coins can be utilized as security with 90% loan-to-value.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is quite current compared to its rivals.
    Currencies to Obtain. Depending upon the currencies you use as security, you can only receive loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Headquarters: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies readily available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
    Kind of service: Direct loaning.

    Cryptocurrencies are unpredictable creatures. To earn a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Since of volatility, neither method is especially easy to do.

    What if you might just deposit your crypto somewhere and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that also since it loans out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler App

    The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States in addition to in about a lots other nations.